EMPLOYEE SHARE OWNERSHIP LIMITS

That this House welcomes the Government's decision to double the maximum savings limits for employees who save and invest in a Save As You Earn (SAYE) plan to £500 a month from 2014; further welcomes the decision to increase the annual free shares limit in a share incentive plan (SIP) to £600 and the SIP partnership shares limit to £1,800; notes these increases have the potential to help over two million UK employees save and invest more for their own futures; and further notes the important role that not-for-profit organisation IFS ProShare has played in securing this positive change and that parliamentarians from the SNP, Plaid Cymru, Green Party, Liberal Democrats, Labour, DUP, SDLP and the Conservative Party have all contributed to making this long overdue change a reality.